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Electric vehicles (EVs), including plug-in hybrids, will one day dominate the automobile market in Bangladesh as the demand for cars run on alternative fuel is slowly gaining ground, according to importers and distributors. Around 20 EVs of global automotive brands such as Tesla and Porsche have been registered with the …
Read More »Wooden trawler industry on the wane
The once vibrant wooden trawler industry in Bangladesh is losing its sheen as the use of these vessels has gradually declined over the years, according to manufacturers. More than 2,000 wooden trawlers would engage in sea fishing off the coast of Patuakhali just 15 years ago but now, their numbers …
Read More »‘Hazaribagh leather cluster an example of products diversification for SMEs’
The speakers at a seminar Thursday said cluster-based specialised product development will accelerate the pace of product diversification and enhance the capacity of small entrepreneurs. A cluster of luxury and quality leather products has been developed in Hazaribagh of the capital after the relocation of the heavy leather industry to …
Read More »Young will drive economic growth of Bangladesh: BGMEA President
BGMEA President Faruque Hassan has laid emphasis on providing young people with the skills, knowledge, and resources they need to succeed in the business world as they achievements would contribute to building a more prosperous and better Bangladesh. “We have a young and vibrant population that has the potential to …
Read More »Apparel export to the US sees 15.43% rise in Jan’23
According to recent data given by the Commerce Department’s Office of Textiles and Apparel (Otexa), garment exports to the United States increased by 15.43% year on year to $867.64 million in January, the first month of 2023, up from $751.67 million in the same month in 2022. Bangladesh ranked third …
Read More »BB heist: Philippines says will provide assistance to Bangladesh
The Department of Justice (DOJ) of the Philippines has said it will provide assistance to Bangladesh over the Bangladesh Bank heist in 2016. “We are trying to be of assistance to them. When our foreign friends ask for assistance, we do that. Tinutulungan talaga natin kasi (We help because) it’s …
Read More »Bangladesh-India friendship pipeline to assist energy security: Nasrul
State Minister for Power, Energy and Mineral Resources Nasrul Hamid said Bangladesh-India Friendship Pipeline will contribute effectively to energy security. “It will be a milestone in providing fuel to the northern region of the country quickly, uninterruptedly and in a cost-effective manner,” he said while inspecting the progress of the …
Read More »Shipping cost drops as larger vessels can enter Ctg port after Karnaphuli capital dredging
After completion of the capital dredging of the Karnaphuli River, the shipping cost has come down as 10-metre draft vessels can now berth at the Chittagong port. FE Earlier, lighter ships used to transport goods to and from larger vessels anchored at the outer anchorage of the port, increasing the …
Read More »Tax receipts from DSE fall by 17.22pc in February
The government’s tax revenue earnings from the Dhaka Stock Exchange decreased by 17.22 per cent or Tk 3.42 crore in February, compared with that of January of the current financial year, as turnover decreased significantly amid confidence crisis among investors. In February of the current financial year, tax revenue from …
Read More »Broiler, beef, mutton, eggs get costlier
The prices of broiler chicken, beef, mutton and eggs continued to rise on the kitchen markets in the capital Dhaka ahead of Ramadan, fasting month of the Muslims that is likely to start in the last week of March. Retail traders blamed producers and suppliers for the increase in prices …
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